SWEET HOME ECONOMIC DEVELOPMENT GROUP

EIN: 931031380

SWEET HOME, OR

Total Revenue
$2,418,397
Total Expenses
$2,849,260
Total Assets
$123,937
Net Assets
$-63,233
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
OR
Principal Officer
ROB POIRIER
Phone
5413678800
Tax Period
2024-11-01 to 2025-10-31

SWEET HOME ECONOMIC DEVELOPMENT GROUP, founded in 1991, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO EFFECTIVELY LEAD EFFORTS TO ENHANCE AND PROMOTE THRIVING, DIVERSE ECONOMIC DEVELOPMENT IN THE SWEET HOME COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $661,844
Program Service Revenue $1,321,777
Investment Income $29,598
Other Revenue $405,178
TOTAL REVENUE $2,418,397

Expense Breakdown

Grants Paid $1,530
Salaries & Benefits $430,947
Fundraising Expenses $0
Program Expenses $2,766,488
Other Expenses $2,416,783
TOTAL EXPENSES $2,849,260

Year-over-Year Comparison

2024 2023 Change
Revenue $2,418,397 $2,095,559 +0.2%
Expenses $2,849,260 $3,533,717 -0.2%
Net Income $-430,863 $-1,438,158 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
7
Volunteers
850

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER SEARCH PRESIDENT 0.50
Officer Director
$0 $0 $0
ROB POIRIER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
TRACEY WEIDNER SECRETARY 0.50
Officer Director
$0 $0 $0
MICHAEL HALL SECRETARY UNTIL MAR 2025 0.50
Officer Director
$0 $0 $0
GEORGE VIRTUE TREASURER UNTIL MAR 2025 0.50
Officer Director
$0 $0 $0
DAWN WALDROP DIRECTOR 0.50
Director
$0 $0 $0
SHERRI GREGORY DIRECTOR 0.50
Director
$0 $0 $0
TRISHA VAN ECK SPONSOR DIRECTOR 40.00
Highest
$117,663 $12,080 $129,743
ROBERT SHAMEK FESTIVAL DIRECTOR 40.00
Highest
$102,965 $18,080 $121,045
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,418,397 $2,849,260 $123,937 $-430,863
2024 $2,095,559 $3,533,717 $1,271,384 $-1,438,158
2023 $3,789,597 $3,778,853 $1,920,266 $10,744
2022 $2,556,112 $3,068,028 $1,935,719 $-511,916
2021 $3,894,760 $2,026,161 $2,477,815 $1,868,599
2020 $203,127 $237,952 $548,749 $-34,825
2019 $619,382 $469,024 $459,373 $150,358
2018 $439,864 $467,426 $322,065 $-27,562
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